MoneyWorks4Me

SBI takes symbolic possession of Birla Precision Technologies’ assets

25 Jul 2014 Evaluate

Birla Precision Technologies’ lender bank - State Bank of India, Mumbai Branch, has taken symbolic possession of the company’s property situated at Nasik district and one of the property out of three situated at Aurangabad.

The company has received the possession notice under Securitization & Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI) from the bank regarding the same.

Birla Precision Technologies is a world class organization with expertise in manufacture of a wide range of CNC tooling.

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